|FCF Overview
FCF

FIRST COMMONWEALTH FINANCIAL CORP /PA/

Financials • CIK: 0000712537

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Market Cap
$1.74B
P/E (TTM)
11.4x
Rev Growth (TTM)
+9.4%
Net Margin (TTM)
29.1%
FCF Yield (TTM)
10.8%
FCF Margin (TTM)
35.9%

LATEST EARNINGS

Q4 FY2025
about 1 month ago
View source
Revenue
$113.20M
+19.1%
Net Income
$44.88M
+25.2%
EPS
$0.43
+22.9%
Net
39.6% +1.9%
  • Net income of $44.9 million and diluted EPS of $0.43 in Q4 2025, an increase of $9.0 million and $0.08 per share from Q4 2024.
  • Core pre-tax pre-provision net revenue (PPNR) totaled $63.2 million, an increase of $11.8 million from Q4 2024.
  • Net interest margin (FTE) increased to 3.98%, up 44 basis points from Q4 2024.
  • Total loans grew 8.2% year-over-year to $9.5 billion.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$188M
Q4 '25
$52M+5%
Q3 '25
$49M+63%
FCF Margin
TTM35.9%
Q4 '2537.5%+3%
Sector: 22.2%Top 25%
OCF Margin35.9%
OCF/NI1.23x
CapEx Coverage
FCF Yield10.8%
FCF Growth (2Y)+7%
Cash Conversion Cycle
0 days
DSO: 0+DIO: 0DPO: 0

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM5.2%
Div Yield3.2%
+
Buyback (TTM)2.1%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)3.2%
FCF Payout Ratio29.4%
Free Cash Flow (TTM)$187.5M
Stock Repurchases (TTM)$35.8M
Capital Return / FCF48.7%
Est. Dividends Paid (TTM)$55.2M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
P25MedianP75
(med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
Asset Turnover
0.04x
8Q: 0.04x
Leverage (1+D/E)
1.26x
D/E: 0.26x
Asset & CapEx Efficiency
Fixed Asset Turn
4.51x
8Q:4.13x
+87.7%
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Revenue
$522.9M
$137.9M1.4%
$136.0M3.8%
$131.0M11.0%
$118.0M2.0%
$120.4M0.7%
$121.2M0.8%
$120.2M3.4%
$116.3M
Operating Income
$228.1M
$63.4M0.5%
$63.1M15.4%
$54.7M17.0%
$46.8M8.5%
$51.1M0.1%
$51.1M6.0%
$54.4M7.3%
$50.7M
Net Income
$152.3M
$44.9M8.6%
$41.3M23.7%
$33.4M2.2%
$32.7M8.8%
$35.8M11.7%
$32.1M13.5%
$37.1M1.2%
$37.5M
Operating Cash Flow
$187.5M
$51.8M4.6%
$49.5M62.8%
$30.4M45.6%
$55.9M313.4%
$13.5M74.8%
$53.6M136.2%
$22.7M42.8%
$39.6M
Free Cash Flow
$187.5M
$51.8M4.6%
$49.5M62.8%
$30.4M45.6%
$55.9M313.4%
$13.5M74.8%
$53.6M136.2%
$22.7M42.8%
$39.6M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
11.4x
Volatile
8Q: 45.5x+105%
Valuation Lenses
Earnings
11.4x
vs sector
Cash Flow
10.6x
EV/FCF vs
Growth-Adj
2.3xPEG
Expensive for growth
Quality-Adj
P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
3.2%
Buyback
2.1%
Total Yield
5.2%
Market Cap$1.74B
EV$1.99B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
72/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Below Avg
10.2%
8Q:
Return on Invested Capital (ROIC)
8Q:
vs Sector:0.1%

Earnings Quality

Cash Conversion

1.23x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
63/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
9.4%
OpInc Growth YoY
24.1%
EPS Growth YoY
5.0%
FCF 3Y CAGR
7.4%

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
Operating
Net
29.1%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+6.7 pts
FCF: 35.9% | Net: 29.1%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Solid
Net Debt / EBITDA
Net Debt: $229.35M
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.26x
Balance sheet risk & solvency analysis